In the result, appeals filed by the Revenue are partly allowed and the cross objections filed by the assessee are partly allowed
Bench: Shri V. Durga Rao, Hon’Ble & Shri D.S. Sunder Singh, Hon’Ble
80E, before its deletion by the Finance Act, 1967, allowed tax holiday to certain specified industries, including those engaged in generation or distribution of electricity or any other form of power. Some other sections, where similar phrase was used were: 10(23f), 33B, 72A(7)(a)(3), 10(6), 10(5)(b), 32A and section 8ORRA. Tribunal agreed with